Decade of HMB Median Sales Prices & Closer Look at 4-Bedroom Home Sales
Here is a graph showing the Median Sales Prices over the last 10 years in Half Moon Bay CA (not the entire Coastside) comparing all bedroom counts (in green) and 4 bedrooms only (in yellow) from a Trulia statistic. I separated out the 4 bedrooms because I wanted to get a sense of the larger home activity. Many people are asking what’s going on with the higher-end homes in our market. I’m well aware that not all 4 bedroom homes are high-end, but we’re talking generalities here. You can see for all property types, we’re back to 01-02 levels, including for the 4 bedroom homes.
You can see the greatest dip in median prices came during 2008 in Half Moon Bay. The steady stream of bad news throughout the year, leading up to the September 2008 critical point of the government bailout proposal left local sales and prices sluggish in this wake, until approximately mid 2009. We continue to be in a “jagged” recovery pattern throughout 2010 in what appears, so far, to be the bottom. And the 4 bedroom homes look like their sales prices are coming into line. Check figures by town on the Coastside Trends Page for further detail or request a custom report for your neighborhood.
Half Moon Bay Recently Sold Homes – Trulia link (data directly from Trulia)
Sold Price Analysis HMB 11.09-10 – MLSListings, Inc. pdf (generated report)
4-Bedroom Sold Report – HMB 11.09-10 – MLSListings, Inc. pdf (generated report)
Note: Trulia data is from member Brokerages, not the Multiple Listing Service. Also, trends reports, whether for “median” or “average” are general in nature. Ask your Realtor for a Comparative Market Analysis before you List or Purchase.